Online Gaming Regulations Foreign Investors Should Know – Media, Telecommunications, IT, Entertainment


To print this article, simply register or connect to Mondaq.com.

Guiding regulations:

Decree No. 72/2013 / ND-CP relating to the management, provision and use of Internet services and online information;

Decree No. 103/2009 / ND-CP promulgating the Regulation on Cultural Activities and Commercial Provision of Public Cultural Services;

Vietnam’s specific commitments to the WTO in services

Business establishment:

Foreign investors who wish to engage in the online game distribution service must have either a business cooperation contract or a joint venture with an eligible Vietnamese partner to provide online gaming business. In the case of a joint venture, the capital of foreign investors must not exceed 49%.

The joint venture can take the form of a limited liability company or a joint stock company. Typically, there are more options for raising capital in a corporation.

Only Vietnamese companies can apply for G1, G2, G3 and G4 gaming license in Vietnam. A Vietnamese entity is defined under the Business Law of 2014 as an entity established or registered to establish under Vietnamese laws and has its headquarters in Vietnam.

Classification of online games:

G1: video games which have an interaction between several players via the game server

G2: Video games that only have interaction between the players and the game server

G3: Video games which have an interaction between several players without interaction between the players and the game server

G4: Video games downloaded from the Internet without interaction between players and between players and the game server

Licensing procedures for G1 games:

The G1 gaming license expires after 10 years and you can only extend it once for an additional year. The Ministry of Information and Technology seeks to reduce the validity of the license to only 5 years.

Conditions for applying for the G1 gaming license:

-Must have a registered office and a contact number

– Registered for a domain name to be used to provide the service

-At least 1 staff manages 2 servers

-The business manager must have at least a bachelor’s degree

-Sufficient financial capacity, adequate gaming systems

-Have a backup plan for equipment and connection as well as a data backup plan

-Have professional measures to manage the content of the gaming forum

Important documents of the application file:

-Documents proving the ownership of the domain name

-Lease contract / ownership of a commercial premises

-Payment plan for the game service

-List of partners providing the payment assistance service

-Detailed description of host devices

After obtaining the G1 game license, you will need to obtain approval for the script content for each G1 game in order to operate the G1 game.

Conditions for requesting approval of script content for each G1 game:

-The content of the game must be culturally appropriate

-The age classification of the game must be adapted to the content

-Have measures to manage the player account

During the operational phase, the game provider must ensure that it manages the time of the under-18 player so as not to exceed 180 minutes in 24 hours each day

Disclaimer: This alert has been prepared and posted for informational purposes only and is not offered, nor should it be construed as legal advice. For more information, please consult the full warning.

POPULAR ARTICLES ON: Media, Telecoms, Computers, Entertainment of Vietnam

Advertising Law in India – Part 1

Global Jurix, lawyers and lawyers

At present in India, there is no central statutory agency or uniform legislation regulating the advertising industry.


Source link

Previous Vietnam - online gambling regulations foreign investors should be aware of
Next High schools don't do a good job with online education (opinion)